Work on it! It is generally the case that in finances, the more emotionally comfortable something is the less remunerative it is It has taken the discussion with Catherine to realize how emotional I am regarding mortgages. It is past being reasonable. In the case of a mortgage these days, having a big mortgage is a financial no-brainer. When buying a new property or refinancing an existing mortgage and importantly are financially responsible. Unfortunately, I have family members and friends who can hold on to money. The worst example is someone who refinanced to remodel. Remodeling was a dream. She and her SO are hoarders. There was no way remodeling was going to happen. As I predicted, she ran through the money in a couple of years. I bought my home over 30 years ago. Except for interest on a $100K for regular income tax would be deductible, but that wouldn't make any difference. We frequently pay AMT, and this year will be deep in AMT territory. If all goes well, we will have cash from our other property in a few weeks. I need to work on investing it wisely. Preferred stocks are new to me, and I am researching. Set your payments up with automatic bill-pay, and you never need to fiddle with checks. It is still necessary to verify that payments are properly applied. I know someone who didn't check their bank or mortgage statements until they received a foreclosure notice. (Yes, I know a number of people who are financially incompetent. Some of which don't understand why I don't take financial advice from them.)
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